Do you know that the City provides assistance and relief for small businesses across the City seeing a reduction in revenue because of COVID-19?
NYC Small Business Continuity Loan Fund
The City will provide relief for small businesses across the City seeing a reduction in revenue because of COVID-19. Businesses with fewer than 100 employees who have seen sales decreases of 25% or more will be eligible for zero interest loans of up to $75,000 to help retain employees and ensure business continuity.
NYC Employee Retention Grant Program
The City is also offering small businesses with fewer than 5 employees a grant to cover 40% of payroll costs for two months to help retain employees.
Want to know more these programs or need help in applications? CMP Business Outreach Center can help! Contact us at larrymei@cmpny.org today.
